Circle and Deutsche Boerse Team Up to Integrate Stablecoins into European Markets
Circle and Deutsche Boerse Group have joined forces to integrate Circle's stablecoins, EURC and USDC, into Deutsche Boerse's financial market infrastructure. This partnership aims to enhance the use of regulated stablecoins across Europe, reducing settlement risk and lowering costs.
The collaboration will initially focus on enabling the listing and trading of stablecoins on 360T's digital exchange 3DX and through Crypto Finance, both part of Deutsche Boerse Group. Additionally, it will facilitate scalable custody of digital assets via Clearstream, Deutsche Boerse's post-trade service provider.
Dr. Stephanie Eckermann, a member of Deutsche Boerse Group's executive board, sees this partnership as a strategic step towards integrating stablecoins into a robust and trustworthy infrastructure. Jeremy Allaire, Circle's co-founder and CEO, shares this vision, stating that the partnership will promote the use of regulated stablecoins in Europe, leveraging the MiCAR regulatory framework.
This alliance marks another significant step for Deutsche Boerse Group in its pursuit of digital leadership, building upon its existing cryptocurrency business and efforts to test central bank digital currencies. The partnership aims to transform traditional securities processes into a fully digital, client-centric offering, bridging traditional finance with token-based payment methods and setting a new precedent for regulated digital finance in Europe.
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